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Sep 18, 2012 4:00pm EDT
agency says government mortgage giant fannie mae, which remember needed $116 taxpayer bailout. that same company paid 20% more than required to end a contract with bank of america that was servicing a batch of loans. the reason bank of america had the right to not accept the money to end the agreement, so fannie increased the payment to try to convince them to end the contract. >> had to reel them in there. >> exactly. fannie says it was still worth the $.5 billion. >> who's the good guy, who's the bad guy? andrew says bank of america is because it forced fannie mae to pay more than they should have. however, katherine says they were just following the contract. oh, boy. this is going to be fun here. andrew, what was wrong? it's a free market. a contract is worth what somebody is willing to pay for it, right? >> in one sense, you're right. bank of america gouged fannie mae. that's been consistent with how bank of america has acted towards homeowners. they paid $25 billion for abusive housing practices and mortgage practices. bank of america -- >> yeah, they held a gun to the fannie mae e
Sep 27, 2012 6:00pm EDT
foreclosures that the street in front of fannie mae. many were arrested however most them have never faced foreclosure. cooper has the story. >> it was billed as a protest united hundreds of foreclosed owners but fewer than two dozen were taken -- brought in from out of state. many say they never owned a home. a handful sat down on wisconsin police to shut down. >> my landlord did not pay the mortgage. house has been foreclosed on. fannie mae owns the home. >> many said they had no but were therems support the activist organization. this woman says she was upon and fannie mae have helped her. now she says she is an activist working part-time. >> i am slightly employed. >> who is sure slight employer? ts.basically the activis they wanteden said be arrested. some voiced support. p.m., thatre at 5:00 would be madness. people would be really angry. think it is all right. i am not in favor of that. of free speech and .emonstrating outside one womantesters -- organization grew out of what was formerly known as acorn. of them were also taken to york for similar demonstrations. >> despite the prot
Sep 30, 2012 10:00am EDT
that it is the direction we ought to be going. i think it has significant risks. >> fannie mae and freddie mac have been under federal control for over four years now. the administration has a set of options but never a detailed recommendation for what should be done with them. is the time coming for that sioon? >> when we put out our ideas for housing reform, we were very clear that there are a basic set of choices to be made. we made out three clear options. we were clear that there has to be some basic consensus of rounds which of those directions before we can get into the details of what legislation should look like. there has been a lot of partisanship. this has not been something that congress has been able to reach a consensus on. particularly attention is focused on the campaign and election. there has been even less attention. what i would tell you is a we are ready and eager to get into the details of how to reform fannie mae and freddie mac. the president laid out a set of options on what we would do. what we need now is for congress, and i expect this will happen soon after the election, to
Sep 27, 2012 5:00pm EDT
.c. and to the national headquarters of modern giant fannie mae to voice concerns about what they call unfair foreclosure practices. we are joined live with more on that. >> reporter: the protesters were demanding immediate action from both fannie mae and freddie mac to help keep families in their homes. five people were arrested as they tried to send that message. >> what a do we do when the banks attack? >> fight back, people united. we'll never be defeated! >> reporter: in front of fannie mae headquarters protesters tried to draw attention to the national foreclosure crisis. >> we're going to beat that bank attack! stand up fight back! >> reporter: they hope by using their voices out here it will create change in there. >> it's just unbelievably wrong. it should not happen. >> reporter: those out here came in from cities across the country, but their story is the same. they are in a fight to keep their homes. >> they're not taking it. i don't care what it takes. >> reporter: debra harris injured her back working for the fire department here in d.c. that caused her to fall behind on her mortgage.
Sep 16, 2012 8:00am EDT
that fannie mae and freddie mac should be on trial for providing 100% guarantees -- [applause] taxpayer-backed guarantees for mortgages, and, ladies and gentlemen, of all the bailouts we did, the two institutions that never paid back any of the money that we lent them as taxpayers were fannie mae and freddie mac. and they should be on trial here. i would submit that the 435 members of the united states house of representatives that voted for a $700 billion bailout of the banks, they should be on trial here -- [cheers and applause] and shoshed the people who voted for the $800 billion failed stimulus plan, and most importantly, nancy pelosi should be on trial -- [cheers and applause] for running up the national debt by $5 trillion and putting our nation is financial peril. i would submit that s&p and moody's should be on trial for giving us -- [applause] to mortgage-backed securities. these are the people, ladies and gentlemen, that should be on trial. i would submit to you that ben bernanke should be on trial -- [cheers and applause] for his money policies that have debased our currency
FOX Business
Sep 25, 2012 6:00pm EDT
underlying related to freddie mac and fannie mae. people are credit loans from years ago or when you want them, now that the government is doing some interesting things with the regulator of fannie mae and freddie mac, try to make sure that when you have that insurance from fannie and freddie, the guarantee, but that is a real guarantee. that will have a positive impact. cheryl: that is the reason we keep propping them up. fannie mae and freddie mac. let's talk about the refinance environment. a lot of viewers having a tough time. they want to do it because rates are incredibly low. are things getting any easier right now? >> right now, i don't think that they are. however, one thing that will make it easier is that when you have of situations where we're getting appraisals, it will be easier to get a property appraiser. what a situation where foreclosed homes were sitting on the market and were dragging down property values, we are seeing investors have bought up a lot of good lower-priced homes, and that will certainly help the market's. cheryl: what about cash bills? it seems that ther
Sep 27, 2012 5:00pm PDT
was arrested today in front of the headquarters of fannie mae in washington, d.c. they want changes in the way the government is handling the mortgage crisis. >> reporter: dozens of people from around the country gathered out front of fannie mae demanding affordable housing. >> we sit outside homeless. we need our homes more than they need them more. >> reporter: the entire group moved out on to the street. they sat down, stopping traffic. >> everybody wants the safety and the security of knowing tonight this is my home and tomorrow night it is my home. >> we believe they are not negotiating with families. not working with families. >> reporter: after several warnings the handcuffs came out. the grooups have raised enough money to bail these 5 -- groups have raised enough money to bail these five women out of jail. but it looks like their protest works and their arrests weren't in vein. fannie mae agreed to look into some of the cases. ktvu channel 2 news. >>> the u.s. postal service will default on a payment due to the treasure this sunday. it is the second default in two months. it could hav
Sep 27, 2012 6:00pm EDT
. they were handcuffed for blocking traffic on wisconsin avenue. they were protesting outside fannie mae headquarters. they were calling for an end to evictions and demanding solutions to keep people in their homes. executives from fannie mae met with the protesters to hear their concerns. fannie mae says it is focused on helping homeowners who are struggling to keep their properties. >>> breaking news tonight. the man who tried to extort money from robert griffin iii pled guilty. he's 25 years old. and he admitted to threatening to release information that he said would damage griffin's reputation if he didn't get $1 million. the fbi helped in the negotiations that led to arresting hurd. he's facing up to five years in prison. he'll be sentenced in november. >>> baltimore ravens and cleveland browns, tonight fans of both teams might have something in common to cheer about. thursday night football game will be officiated by the nfl's regular crews for the first time this season. dan hellie here now with more on that. this is good news. >> vance, all is good in the football world, at leas
Sep 5, 2012 7:00pm EDT
clean with pressuring fannie mae and freddie mac, pressuring banks, making ub unaffordable subprime mortgages and mr. clinton signed the bill to end glass stee gel which ended up in hot shot banks taking risks. plus, mr. clinton will say tomorrow night he needs more time to finish the job. more time for what? aside from bashing republicans nobody knows his second term plan. is it more spending, more regular dplating? taxing successful entrepreneurs? this evening, uh upsetting mus. we have dropped four straight years on the global competitive list. switzerland, singapore, finland, sweden, netherlands and germany all ahead of the usa. we don't want four more years of that and we'll have it to date. first up, bill clinton headlining the evening tonight in charlotte. cnbc's own john harwood previews the former president's dnc address. good evening, john. >> good evening, larry. the democratic convention is getting fired up by speakers behind me. the main event is bill clinton who will bring full circle a relationship that was strained with barack obama when barack obama and hillary clin
Sep 6, 2012 7:00pm EDT
, deregulated fannie mae and freddie mac and repealed glass steagal. >> actually george bush made them give out the subprime mortgages, not bill clinton. larry, get your facts right. >> with respect, i disagree with you. >> how about the facts? >> they are facts. >> i'm sorry. under bush they tried to go under fannie mae. >> this guy tried to shut down fannie mae and freddie mac. >> subprime loans. >> andrew cuomo and bill clinton. >> no, it didn't. >> barney frank saying it was solvent. >> i'm sorry i'm talking so much, but you have a balanced panel here. >> nan, do you think his argument of four more years or three more years or whatever will work? that was the argument clinton made last night. it seemed like the precursor to obama's argument. do you think america will vote for a guy who is telling them they have to wait several more years for economic success? >> americans, based on my experiences are representative of the hudson valley in new york. americans are fed up. they are desperate for change, but not the kind of change president obama, based on the experience of four years of his po
Sep 7, 2012 3:00pm EDT
at this article he tug up about fannie mae and freddie mac loosening up. fannie maes taking on significant risk, and if they run into drought, it could prompt a government rescue similar to that of the savings and loan industry in the 1980s. >> you included this in your book. >> yes, there was several arguments back then that went into what the loosening of it would mean, it was an unintended consequence and their talking after the people that were just a notch below, they were not talking about going down further which is what happened as companies reached more and more to achieve profitability. >> it started with good intentions with a understanding that there was a trade off in risks and costs, but everybody thought they would be manageable in the long run and you should accept that trade off. guess what? >> and steven holmes was exactly right if you find it. in that column, he was right on target with his prognostication. >> and this issing if you have to ask all the time, in any kind of situation, the risks are in the future, and we don't know what they will be, but we think they are manag
Sep 27, 2012 11:00pm EDT
a protest outside fannie mae headquarters. they were arrested for blocking traffic in northwest d.c. this afternoon. protesters held banners and called for an end to evikszs vi vikss. executives from fannie mae met with dmron straighters. they are focused on helping homeowners. >>> still ahead on news4, a sky-high showdown as passengers tie down a passenger. >>> a puppy stolen from a maryland rescue group could be in danger if he's not returned soon. >>> see the video that's gotten more than 500,000 hit >>> first on news4, tough talk at a d.c. firehouse after someone defaced a picture of the fire chief. someone drew a mustache on a photograph of chief kenneth eller by and flipped his picture upside down. happened at engine company 10 on florida avenue in northeast. officers notified police about the vandalism and laid down the law to the entire station. here's an audio recording from the confrontation. >> the reason i ask who has -- is because there will be some charges at this point that -- at that point -- >> the fire chief says as far as he's concerned the case is closed. he'd
Sep 28, 2012 4:25am EDT
, but they have not said how this woman died. >>> demonstrators are demanding fannie mae put an end to eviction and foreclosures. police arrested several protesters who blocked traffic on wisconsin avenue in front of fannie mae's headquarters yesterday. executives from the company later met with demonstrators. they say they're focused on helping homeowners who are struggling to hold on to their homes. >>> and this is what police found in one culpeper, virginia home. they say they found more than 100 marijuana plants growing in james barry's basement. the drugs have a street value of about $300,000. officers say the house was rigged to hide the plants. there was even a trap door leading from the main home to the basement. this is the largest grow house operation ever busted in culpeper. >>> d.c. police and fire officials are trying to figure out who defaced a picture of the district's fire chief. somebody drew a mustache on a photograph of chief kenneth ellerbe and flipped the picture upside down. the vandalism happened at engine 10 on florida avenue. police came and dusted for fingerprints and
Sep 4, 2012 9:00am PDT
happening again. we've got derivatives issues, a variety of other things, and we haven't touched fannie mae and freddie mac. they have to be looked at as well. >> john, i want to go to you. there has been a lot of talk about, you know, repealing dodd-frank entirely, but the word on the street is that, you know, even if romney were to be elected president, that it would likely not be a complete repeal but maybe a tinkering with certain parts of dodd-frank that the banking sector and financial services sector don't like. give us your take on what is feasible in terms of actually amending dodd-frank if there is a republican administration. >> this was a very difficult law to put together. it would be a very difficult law to take apart. but i would say after the great depression, we saw acts like the federal reserve act rewritten several times and i wouldn't be at all surprised if we saw continued tinkering no matter who is president with dodd-frank. we just saw it with oxley, with the rules impeding ipos. one of the few things they've gotten done this year. i would say you asked the previous g
FOX Business
Sep 15, 2012 1:00am EDT
program. even fannie mae freddie mac. look at models this is a good model. but many of those eventually are privatized or if they are a debt burden then turned back over for a bailout. john: is there any socialist >> the law that is perpetuated is that we have to have a two-party system. we are going to have problems politically until we have a third party. >> neil cavuto was talking about the candidate that makes the most sense for me. most of the others make so many promises, that they sound almost as silly as the green party candidate. >> green means a guaranteed job for every american. a new economy fueled by renewable energy and no more student debt. john: let's get real. all of the candidates think of themselves as freeloaders. but they are not. i am a libertarian in part because i see the false choice offered by political left and right, either government control over the economy or government control of our personal lives. democrats think it is income inequality. republicans think that the opposite is true. let them advocate moral behavior and let them give to charities but leav
FOX News
Sep 8, 2012 11:30am PDT
what's left of fannie mae, none of those stories got any traction at all in the mainstream media. >> and hats off to john carl, media note. for putting out one of the three steel workers trotted out in front of the democratic national convention who got up there and said, you know, mitt romney is bad because bain capital closed our company and we lost our jobs. one of them didn't work at the company. he was a union organizers. >> the same problem that they had with that ad that was put out by one of the non-affiliated super pacs, on the obama committee. they need to do better in the fact checking department and i actually think the press, they did that and-- >> isn't this the party that's running our country right now? >> yes, it is. >> running or ruining? >> brit hume was very struck by something that i also-- occurred to me as i was watching both the republicans and democratic national conventions, he said he was getting a little tired of the destitution derby here. is there a candidate who's grandfather didn't work in a coal mine and who's grandmother-- you know, after a while
Sep 28, 2012 6:00am EDT
center this morning for that update. thank you. >>> well, mortgage giant fannie mae says it will look into some foreclosure cases to see if anything can be done to reverse them. it's in response to a protest yesterday at both fannie mae and freddie mac. protesters want policy changes that would allow for a reduction in princies to the current market value of homes to top evictions and allow residents to buy back homes at the current market value. >> we did it willingly as veterans to serve our country. to come back home and have other people in this country try and take homes away from veterans, it's not going to happen [ inaudible ] >>> well, starting today, police can give you a breathalyzer test if they suspect you're driving drunk in the district. police stopped giving those tests two years ago in d.c. because of inaccurate equipment and it caused hundreds of tests and drunk driving convictions into question. the feds gave the city a dis $1 -- $150,000 grant to get the equipment in order so they could start giving the breathalyzer tests again and that starts today. >>> we have a c
Sep 28, 2012 5:00am EDT
of art back in 1951. that auction is now cancelled. >>> demonstrators are demanding fannie mae put an end to evictions from foreclosures. police arrested several protesters who blocked traffic on wisconsin avenue in front of fannie mae's headquarters yesterday. executives from the company later met with demonstrators. they say they're focused on helping homeowners who are struggling to hold on to their houses. >>> 5:35 now. a former manager at virginia rail way express faces up to ten years in prison on bribery charges. kevin pled guilty yesterday. the manager admitted he took a monthly bribe from a maintenance subcontractor for nearly a decade and received about $200,000. in return, he gave the contractor favorable evaluations that allowed him to keep the contract. court papers do not identify the other party involved. >>> thanks to a surprise and generous donation, nationals fans won't be stranded at the navy yard during the team's playoff run. metro announced it will extend hours for all postseason games. d.c.-based living social will foot the bill. metro requires a $29,000 deposit to
Sep 20, 2012 5:00pm EDT
rise to protest an action by the federal housing finance agency, fannie mae and freddie mac, that punish my state of connecticut and four other states for effectively protecting our citizens against unfair and abusive mortgage foreclosure practices. and i want to say right at the outset, i am determined to fight this action, along with my colleagues, during the comment period that we have to contest this very unwise, misguided, unacceptable decision. these agencies have just posted for 60-day comment a decision to increase fannie mae and freddie mac's guarantee fee for connecticut and four other states -- new jersey, new york, illinois and florida. why? because the protections that we have in place now against those abusive banking tactics that have so pervaded the mortgage foreclosure process, increased the length of time that it sometimes takes for foreclosure, and we have a mediation process that keeps people in their homes and enables settlements that actually save money. that is connecticut's crime. that is the reason that connecticut and for her other states and our ho
FOX News
Sep 10, 2012 10:00am PDT
. he made millions sat fannie mae when he was the chief lobbyist and counsel for jim johnson when they were wrecking fannie mae and putting us in the hole. he's still getting a pension. he's 50 years old. >> fannie mae required $200 billion bailout from the government. the whole issue of jerusalem not being the eternal capital of israel which was the democratic platform. platforms are vetted in the white house. tom donilon is an old campaign guy. it's inconceivable he didn't pass judgment on it. has the administration changed its policy? megyn: we were told that the president didn't know about it. >> i was in the white house when we did a platform in 1986. you don't do a platform without the explicit knowledge of the administration. megyn: even on the romney side they are saying governor romney doesn't agree with the abortion platform. >> they may walk away from it. >> inconceivable. >> this is a change in national security -- at least on the record. this is very delicate stuff. it's still a major commitment. megyn: it sounds like our complaining business yes some conduct but also
Sep 12, 2012 3:00am EDT
could you not mention the billions of fannie mae loss? that's not your bailiwick, right? >> no, i don't manage that but let me say this about that. that's turning around also. and if you look at what fannie mae and freddie mac are doing, you know, they are improving. we're past now the worst of the housing crisis. so i think we'll see a turnaround there as well. and again, if you look at it overall in terms of all of these actions that the federal government, including the federal reserve had to take, they're likely to result in a gain or at least very, very little cost. and that's really the story. it's, again, because we acted with overwhelming force and speed that this was successful. >> there were people who were saying listen, you played politics because of the election, you decided to beef up the offering because it's almost the election. you could have done a smaller one. i just need you to get a comment on that one. >> sure. we've done four offerings this year. if you look at the timing, you'll see why and when we did them. we did them when we had a legal window to sell becaus
Sep 10, 2012 1:00pm EDT
tell me the bids that were received on the atlanta pool did not present fannie mae with an economically viable transaction which means they didn't get the prices they want. atlanta's home prices are still plummeting. atlanta could be in a future deal or they could be sold directly from fannie mae if prices continue to recover. >> diana, thank you. >>> just because summer is over, that doesn't mean the great american drought is over with. we have some exclusive details on just how harmful it is going to be to our economy. >>> and general motors ai' big problem. great sales. phil lebeau is live at chicago. >> talking about the chevy volt. headlines today that the volt is aen monoloser. how much per vehicle? that might surprise you. and why is gm saying, listen, this map is way off base. we'll have numbers when "power lunch" returns. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research st
Sep 21, 2012 10:30pm EDT
department as a buyback of its shares from freddie mae and fannie mac. -- fannie mae and freddie mack. representative waters approached the committee to discuss better husband had been a member of the board of oneunited bank and he told her that he would handle the oneunited matter and she should stay out of it. the exact timing of this conversation is not clear from the record, but we believe that occurred at some point following the september 9, 2000 treasury meeting but prior to the circulation of the first draft of the emergency economic stabilization act on september 28, 2008. the record reveals that despite representative waters's correct determination that she should not be involved in any direct help for the bank because of conflict of interest, her chief of staff continue to engage in official actions taken solely on behalf of oneunited bank and not the greater class of banks affected by the conservatorship. the first official act was an e-mail dated september 19, 2008. mr. moore said that e-mail to a -- mr. moore sent that e-mail to a financial services staffer stating, "one
Sep 7, 2012 5:00pm PDT
. fannie mae mortgages modification. that's something. >> there has been a lot of arm twisting of ed dimarco the conservator of of sally may and freddie mac. and they say they don't have any more power to twist his arm. >> eliot: they should be going after every conceivable way. the real problem joe i think dan is exactly right and i and many people have been saying for years until you deal with the mortgage crisis you won't deal what is really at the root of the economy. the problem has been the treasury department. the treasury did not appreciate that simple premise. tim geithner was willing to let it work its way on its own. and grievous mistake. it debilitated our economy. the successes and jennifer granholm. >> she was awesome. >> she was awesome. it's the auto bailout. i'm struck that mitt romney has not responded adequately. what is the republican party going to say about its meaningful support to bail out the auto industry. >> they're going to say nothing. it's better than saying something. they're likely to get the message wrong. they already have the imagine of not being the p
Sep 18, 2012 5:00am PDT
it will probably recouped all of the bailout money from aig but not so rosy for fannie mae and freddie mac or gm. those companies 0 the government over $160 billion. stocks are trading about 15-20% higher today but that does not mean you should be complacent. on monday watch we highlight investment portfolios for all seasons. now is a great time to rebalance your portfolio. >> stormy weather has once again postponed a final flight of the retired space shuttle in denver. a boeing 747 is now scheduled to carry the shuttle from florida to southern california tomorrow morning, two days later than scheduled. it is set to conduct low-level flyovers over the bay area before landing in l.a. on friday. it will eventually be displayed at the california science center in l.a. >> we have to clear out the low clouds and fog and i think we will see clouds in the morning so hopefully the shuttle will be here in the afternoon. right now we have low clouds and fog, moving well on shore in some of the valleys. temperatures generally in the fifties. temperatures cooler than average for this time of year. inside th
Sep 13, 2012 6:00pm PDT
hogares. take vo ---los bancos fannie mae y freddie mac, anunciaron que permitiran que sus clientes puedan participar en el programa "mantenga su casa en california" para que se les reduzca su cuenta principal. ---se cree que hasta 9 mil dueÑos de casa podrian quedarse con sus propiedades a raiz de este nuevo anuncio. stop open roll open cesar ---los adolescentes que juegan con videojuegos violentos de carreras de autos, take vo ---son mas propensos a conducir de forma irresponsable segun un nuevo estudio... ---ya se sabia que los videos pueden crear pensamientos mas riesgosos en los jovenes, pero en el nuevo estudio realizado por el colegio dartmouth, se pregunto a los adolescentes si habian realizado maniobras peligrosas al conducir un automovil... ---lo que se encontro fue una correlacion entre accidentes y el uso de juegos de video de automoviles violentos.. stop open roll open blanca ---ya es oficial... este aÑo se ha presentado el peor brote del virus del nilo occidental en estados unidos. take vo ---el centro para el control de enfermedades, dice que no se han registrado tantas mu
FOX Business
Sep 10, 2012 11:00am EDT
. connell: all right nicole. dagen: fannie mae reporting that sentiment about the housing market is improving but a new survey shows just how under water some homeowners are. connell: peter barnes in d.c. this has the attention, peter of both the president and mitt romney; right? peter: yeah, in the election year that's right. a new report shows that 18% of all homeowners making timely paints on their -- timely payments on their mortgages are under water. as of july their homes are worth less than the outstanding balance on their loans. that's millions of homeowners in this election year. but the problem is especially bad in several key battleground states. take a look at this: in nevada 55% are under water. florida, 33%. michigan, 30%. under water homeowners tend to get behind in payments or default and head into foreclosure more often than homeowners with some equity in their property. >> as we consider the relative stability that we've seen in home prices now, but, you know, the somewhat tenuousness of that. if home prices go lower, we could see new defaults going into the sys
Sep 5, 2012 4:00pm EDT
of responsibility, but then you have to look at government policy through, especially fanny mae and freddie mac. and borrowers, they were becaabg the system. there was a lot of institutions involved in causing the crisis, and it's not good for the banks to be blamed 100%. you could get a bad outcome in terms of how you fix it. >> tell me how you can manage a complex institution that is serving two masters. you've done it. >> yeah, first of all, i think this notion that these big banks are too big to manage, too complex, is not right. we live in a complex world, and we just need to manage things when they go wrong. as a individual and a user of it, or a business manager, it is complexi comple complex. we should not be talking about rolling back a banking industry that is very efficient to something that was not 15 years ago. so this complexity argument i don't buy. sure big banks are complexion, but if you look at the final institutions that have failed, they have been more -- you take country wide, or wamu, these were companies that weren't nearly as complex by any stretch of the imagination as
Sep 10, 2012 5:00pm PDT
. if you dig into the romney housing plan he talks about things like reforming fannie mae and freddie mac. but a lot is overshadowed by what he toll the las vegas review journal in late 2011 in all places was the foreclosure capital of nevada. here's what he had to say. >> what do do to the housing industry specifically? are there things you can do to encourage housing. one don't stop the foreclosure process. let it run its course, hit the bottom. allow investors too buy homes, fix the homes up and let it turn around and come back up. >> the shorter romney response on this issue, i think is quite clearly what has president obama done to fix the housing problem in this country. >> and, john, you said the cost of housing, the biggest forces in the electorate, how so? >> ask people what is bugging them. it's national crisis housing. this vase settled in the goal states. you ask people about the economy. what are the two defining questions in the presidential election? is the country on the right track? a lot of people question the american dream. you bought your house, pass it 0-to-your chil
Sep 25, 2012 6:00am EDT
, a lot of times it messes it up. a classic example is fannie mae and freddie mac and the entire economic mess we are in. how many more things to we want to inject the government into? they are the ones driving the cost. we need a little free enterprise work. >> next question from bill miller and go first to jonathan. the u.s. postal service is very important to the room -- to the people in the room today. it is now trying to go into a program that would be competing in a bear to newspapers. in many cases the newspaper is the largest customer for the post office of community. what i would like to know is, what is your position on this issue and other issues of closing rural post offices and eliminating saturday delivery? what would you do in the senate to help rural newspapers and community newspapers that depend on the postal service? >> like many of the things run by the government, the postal service is one that is very inefficient. i of a friend who works as a mail carrier. he gets four days straight of 10 hours per day so that every time he is needed he gets more overtime. the federa
Search Results 0 to 49 of about 131 (some duplicates have been removed)